Date : Jul 9, 2025

To : BALAJI AUTOZONE LLP

LOAN APPROVAL LETTER

Dear Sir,

We are pleased to inform you that the loan application of Neetu Devi has been approved vide approval no.
90017486330 as per the details mentioned below.

SFDC ID 90017486330
Location DELHI
Name of
Neetu Devi
Customer
Brand Name TVS MOTORS LTD
Model Name 124.8 CC
Sub Model JUPITER 125 DT SMART XONNECT
Name of
BALAJI AUTOZONE LLP
Dealer/DSA
Scheme
NO INCOME PROOF PROGRAM (NIP)
description
Customer R3 A2 79 Uttam Nagar Mohan Garden West Delhi SHIV GARDEN WEST DELHI, DELHI 110059 -
address Property Status: Rented

The disbursement break up would be as under:

Asset Cost(ORP) 113560.00

Loan Amount Approved 90560.00
Down Payment Required 25366.00
Processing Fee 0.00
Rate of interest (Reducing) 19.16
Net Disbursal 88194.00
GST Amount 0.00

The dealer/channel hold the responsibility to hypothecate the vehicle in the name of undersigned within 10
days of disbursal. (IDFC First Bank Ltd) In case of anymismatch in hypothecation dealer/channel will have to
facilitate correction within 10 days from date of intimation.

Thanking you,
For IDFC First Bank Ltd.
Notes:

1. This Approval Letter is valid for 7 days from the date of issue and subject to terms/condition as stated above.
Any change in terms /Condition would require a fresh sanction letter. For whatever reason, if the loan is not
disbursed within 7 days of issuance of this letter, then Bank will not be liable to pay the Dealer.
2. This must not be treated as a "delivery order" in respect of the vehicle. Kindly note this is only a conditional
approval document. The vehicle may be delivered basis this document but actual disbursement is conditional
to dealer/customer providing requisite post documents, eg.
Agreement,PDC/ECS,KYC,insurance,invoice,RCU approval etc.
3. In case, it is later found that customer had taken a different vehicle from the dealer than the one specified in
the invoice provided, then Bank will not be liable to pay for that case. In case such instances are identified
post disbursement, Bank would have rights to adjust the payment for the said case with any subsequent.
4. In case amount is transferred already, Bank is allowed to adjust the same from subsequent disbursals In case
there are any changes to the scheme after issuance of the sanction letter then only a fresh sanction letter
incorporating the impact of the changes will be valid and the disbursement amount may change accordingly.
5. It is assumed that you have inspected the vehicle and satisfied yourself of the quality thereof. Bank will not be
liable for any defect or delay in delivery or any service issue concerning the Dealer/Regional Transport
Office/Insurance Company or any other intermediary involved in the deal.
6. The vehicle has to be registered at the address mentioned above.
7. Borrower has the option to change the Interest rate type from floating rate to fixed rate.Fixed rate will be as
prevailing at the time of change request. Charges for ,changing the interest rate type are mentioned below.
8. Interest rate type change will charged at Rs 1000.
9. Interest rate type can be switched only one time during the entire tenure of the loan. Once interest rate is
switched from floating rate to fixed rate, it will not be allowed to switch back to floating rate for rest of the
tenure remaining on loan.
10. Increase in benchmark lending rate will lead to increase in EMI or Tenure or both and decrease in benchmark
lending rate will lead to decrease in EMI or Tenure or both. Default option will be impacting the tenure as per
bank's policy. In case borrower wants to increase the EMI, Borrower to approach the bank and bank to decide
basis its internal evaluation.
11. The para banking services provided by the Bank to the Borrowers for financial products shall be strictly on a
non-risk participation basis.
12. Borrower shall be liable to pay the Interest on outstanding loan balance for the duration it remains
outstanding. Further, such Interest calculation shall commence from the actual date of disbursement of the
said loan. In the event of disbursement through cheque, Interest shall be calculated from the date of handover
of the cheque.
13. Notwithstanding anything to the contrary contained in this Agreement, Borrower is aware that insurance is
non-mandatory and offered only to customer who voluntarily choose to opt for the same and in case if the loan
is cancelled, the insurance policy will also get cancelled automatically by the Insurance Company and the
certificate of insurance (if received/issued) will remain cancelled/ revoked by the said Insurance Company.
Bank may receive the commission / fees for solicitation of insurance products (if any) and same will be
available on Bank website https://www.idfcfirstbank.com/personal-banking/investments-and-insurance under
Insurance Tab.
14. Bank may receive the commission / fees for solicitation of insurance products (if any) and same will be
available on Bank website https://www.idfcfirstbank.com/personal-banking/investments-and-insurance under
Insurance Tab.
15. Loan EMI & Repayment Schedule as indicated in the Sanction letter is indicative, it may undergo minor
changes depending on the actual date of loan disbursement and considering actual number of days in the loan
tenure . Final EMI and the repayment schedule will be generated post actual loan disbursement and the same
shall be communicated to the customer through Welcome letter.
This is a computer generated letter and does not require any signature
IDFC First Bank Limited (Formerly IDFC Bank Limited)
Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Tel: +91 22 2654 0354
Registered Office : KRM Towers, 7th Floor,No. 1, Harrington Road,Chetpet, Chennai 600031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN : L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com